Kevin Gregg signs two-year, $10 million deal with Orioles

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Kevin Gregg has been linked to the Orioles for most of the offseason and Jon Paul Morosi of FOXSports.com reports that the two sides have finally agreed to terms on a deal.

According to Dan Connolly of the Baltimore Sun he’ll get $10 million for two years, and the contract also includes a vesting option for 2013.

He’ll presumably head into spring training as the favorite for ninth-inning duties, as Gregg racked up 37 saves for the Blue Jays last year for his fourth straight season with at least 20 saves.

However, his 3.79 ERA during that time isn’t particularly impressive and he blew six save chances last year to finish with a success rate of 86 percent that’s basically right at the MLB average. If healthy Koji Uehara is likely a superior reliever, but Gregg has far more closing experience.

Mike Gonzalez was signed to be of the Orioles’ closer last offseason, but missed most of the year with arm problems and remains a question mark. In his absence Alfredo Simon led the team with 17 saves, but he may spend 2011 in prison.

Astros talking to Justin Verlander, Gerrit Cole about extensions

Justin Verlander
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It’s extension season and Ken Rosenthal of The Athletic reports that the Astros — who already agreed to an extension with Alex Bregman — are discussing contract extensions with Justin Verlander and Gerrit Cole.

Funny thing about Verlander, by the way: when he got his current $180 million deal, most people fell into the “oh, there’s an overpay!” column. What’s more, this past winter, when everyone was talking about how bad it is to give guys big long term deals, Verlander’s name was notably absent in the conversation despite the fact that his deal has turned out to be quite good. I suppose that says something about how good the anti-long-term deal folks are at cherrypicking.

That being said, Rosenthal says “it would be an upset” if either Verlander or Cole signed extensions. I can see that. Verlander is locked up this year and has a vesting option for 2020, and a lot can happen in a year or two. Cole is a Scott Boras client and Boras clients tend to hit the market rather than sign extensions. Perhaps their former teammate, Dallas Keuchel‘s, terrible experience on the free agent market this winter will alter that calculus. Hard to say.